Brookfield Soundvest Split Trust (BSD.UN and BSD.PR.A) Announces Approval of Proposals
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 03/27/15 -- Brookfield Soundvest Split Trust (TSX: BSD.UN)(TSX: BSD.PR.A) (referred to as the "Trust") is pleased to announce that holders (the "Preferred Securityholders") of preferred securities (the "Preferred Securities") of the Trust and holders (the "Unitholders") of trust units of the Trust (the "Units") approved the extraordinary resolution relating to the Preferred Securities and the extraordinary resolution relating to the Units at a special meeting (the "Meeting") of the Preferred Securityholders and the Unitholders held on March 27, 2015.
The extraordinary resolution relating to the Preferred Securities will allow the Trust to implement the following:
The extraordinary resolution relating to the Units will allow the Trust to implement the following:
The Trust also announces today that holders of 1,988,024 Units have given notice to the Trust that they wish to exercise the Unit Special Retraction Right up to the number of Units not exceeding the number of Preferred Securities tendered pursuant to the right of Preferred Securityholders to retract and receive repayment of their Preferred Securities pursuant to the Preferred Special Repayment Right. As announced by the Trust on March 16, 2015, holders of 1,779,807 Preferred Securities have given notice to the Trust that they wish to exercise the Preferred Special Retraction Right.
In order to maintain an equal number of Units and Preferred Securities outstanding, 1,779,807 Units will be redeemed on March 31, 2015, on a pro rata basis, from the holdings of those Unitholders who have exercised the Unit Special Retraction Right. This means that 89.53% of the Units surrendered for redemption by Unitholders pursuant to the Unit Special Redemption Right will be retracted. As announced on March 16, 2015, the Trust is reinstituting the annual redemption right available to Unitholders and accordingly Unitholders will be able to redeem Units under the annual redemption right in November, 2015.
The manager, investment advisor and portfolio manager for the Fund is Brookfield Soundvest Capital Management Ltd. (the "Manager"), an established investment advisor, that provides investment management services to trusts, foundations, corporations and high net worth individuals.
Contacts:
Brookfield Soundvest Split Trust
Investor Relations
888-777-4019
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2015 - 20:02 Uhr
Sprache: Deutsch
News-ID 381766
Anzahl Zeichen: 0
contact information:
Town:
OTTAWA, ONTARIO
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 214 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Brookfield Soundvest Split Trust (BSD.UN and BSD.PR.A) Announces Approval of Proposals"
steht unter der journalistisch-redaktionellen Verantwortung von
Brookfield Soundvest Split Trust (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
